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REDDIT

Frustrated with Robinhood

HI, I am a fairly active options trader and I happened to sell Covered Calls a year ago on some stocks that ran up A LOT in the recent semiconductor bull run. Robinhood has now effectively put me on a Covered Call Hold preventing me from selling ANY covered calls on ANY ticker. This is so frustrating- I have been on calls with their account supervisors for over 4-5 hours and no one can tell me how much I need to unwind positions/transfer in. I tried to transfer my unencumbered shares out to my Schwab but they rejected that also saying it would cause margin maintanence call. WhenI ask them how much is the threshold, what positions/how much should I unwind/close out by, they have no answers. Only solution they give me is to move my Entire account out of RH. Anyone faced something similar?